The increased availability and accessibility of information has had a major impact on the process of financial reporting Most companies have websites and make available to stakeholders a significant amount of financial information, including annual reports and other financial data This has sparked ...

The advantages of a continuous reporting model are that users have access to information on a more t ...

The increased availability and accessibility of information has had a major impact on the process of financial

Question:

The increased availability and accessibility of information has had a major impact on the process of financial reporting. Most companies have websites and make available to a significant amount of financial information, including annual reports and other financial data. This has sparked the question of whether companies should use a continuous reporting model instead of the current discrete model where are generally issued only quarterly and annually. Under a continuous reporting model, the company would make more information available to users in real time or perhaps on a “delayed” real-time basis (such as weekly).
Instructions
What are the pros and cons of a continuous reporting model? Consider the various in the capital market- place.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...